What is the most common source of funds for entrepreneurs?
A) Bank loans
B) Money from venture capitalists
C) Personal financial resources
D) Issuing stock in the business
E) Forming strategic alliances

Question

Quizplus · Accepted Answer

Personal financial resources, such as savings or assets, are often the most common source of funds for entrepreneurs. This is because it can be difficult for new businesses to secure loans or convince investors to provide funding without a proven track record of success. Using personal funds also allows entrepreneurs to have full control over the business without needing to dilute ownership or take on debt. However, this option may not be feasible for everyone, and some entrepreneurs may need to explore other funding sources such as bank loans or venture capitalists.

What Is the Most Common Source of Funds for Entrepreneurs